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Karachi: Total government borrowing for budgetary support was recorded at a sizeable PkR866bn in 1HFY12 (till Dec 23’11) with about 75% of this amount coming from the banking sector. According to AKD Securities, considering that 1HFY12 borrowing from the SBP stands at a high PkR212bn, AKD Securities expects the GoP …
Read More »Daily Archives: January 5, 2012
Prime Minister Directs Release of Funds for Thar Power Project
Islamabad: Distinguished scientist Dr Samar Mubarak called on Prime Minister Syed Yusuf Raza Gilani here at the Prime Minister House today. Dr. Samar Mubarakmand said Shaheed Zulfiqar Ali Bhutto convened conference of Pakistani scientists in Multan in which he gave mission of Pakistan Nuclear Programme to them who delivered on …
Read More »84th birth anniversary of Quaid-i-Awam Shaheed Zulfikar Ali Bhutto
Islamabad: On 84th birth anniversary of Quaid-i-Awam Shaheed Zulfikar Ali Bhutto, Quran Khawni and Dua was held at Aiwan-e-Sadr today. President Asif Ali Zardari, Prime Minister Syed Yusuf Raza Gilani, Federal Ministers, Parliamentarians and officers and staff of President’s Secretariat participated in the Quran Khawni and Dua. The participants prayed …
Read More »No gas for Power, Fertilizer and Industry in Jan 2012 – Alfalah Securities Limited
Karachi: In a meeting of the Cabinet, it has been decided that gas supply to the industrial, power and fertilizer sector would be suspended for the month of January, 2012 in order to ensure uninterrupted gas supply to domestic consumers due to higher demand in the winter season. According to …
Read More »President, Prime Minister chair meeting of senior Pakistan Peoples Pakistan leaders
Islamabad: A meeting of some Federal Ministers and senior leaders of PPP with President Asif Ali Zardari and Prime Minister Syed Yusuf Raza Gilani in chair today decided to hold by-elections to all the vacant seats in the assemblies and completing all legal formalities for this purpose at the earliest. …
Read More »Pak Rupee making new lows – Alfalah Securities Limited
Karachi: The Pak Rupee has declined to PKR 90.26 per dollar in the open market on 4th Jan, which is down by 0.14% as compared to PKR 90.1315 a day before. According to Alfalah Securities Limited, it is inline with Alfalah Securities Limited’s expectations of steeper currency devaluation due to …
Read More »FBR tax collection reaches PKR 842 billion during 6MFY12 – Alfalah Securities Limited
Karachi: Federal Board of Revenue’s (FBR) collection of tax revenue has reached PKR 842 billion during 6MFY12 against PKR 662 billion last year, depicting a growth of 27.19%. According to Alfalah Securities Limited, this growth in tax collection is a result of increase in direct and indirect taxes caused by …
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